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National Managed Fund (NMF)

The National Managed Fund (NMF) was established to cover potential future claims made against the Blood Service in relation to the supply of blood and blood products in Australia. The fund was established as a discretionary managed fund with a finite scope and there is no contractual liability to agree to claims. The memorandum of understanding for the management and administration of the NMF includes an expectation that the funds will earn interest to enable the real value of the annual contributions to the fund to be maintained over time and reduce the level of contributions by governments and the Blood Service.